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2018-10-30 16:19:57

CHRW

C.H. Robinson

$88.31

1.19 (1.37%)

16:19

10/30/18

10/30

16:19

10/30/18

16:19

C.H. Robinson reports Q3 EPS $1.25, consensus $1.17

Reports Q3 revenue $4.3B, consensus $4.29B. "Our strong third quarter financial performance reflects great execution by the employees across our global network. We delivered another quarter of double-digit increases in both net revenue and operating income and a 270 basis point increase in operating income margin. Truckload volume trends improved sequentially, and we delivered volume growth in many of our other service lines," said John Wiehoff, Chairman and Chief Executive Officer of C.H. Robinson. "Our strong operating income performance, combined with improved working capital and the benefits of U.S. tax reform, enabled us to generate significant increases in cash flow from operations and cash returns to shareholders in the quarter."

Wells Fargo analyst Casey Deak upgraded Landstar System (LSTR) to Outperform from Market Perform and raised his price target for the shares to $133 from $120. The analyst has become more positive on the brokerage space moving into 2019. recent data trends and channel checks with private brokers and carriers suggest the truckload rate environment has seen a top and brokerage players will be less susceptible to gross margin pressure as we move into next year, Deak tells investors in a research note. He believes Landstar's recent success in onboarding and retaining owner operators will support volume growth with sustainable margins while its pure brokerage volumes will see improved profitability. Further, the company remains the largest public provider of flatbed capacity, which continues to see leading growth in rates, Deak tells investors in a research note. The analyst keeps a Market Perform rating on C.H. Robinson (CHRW) but upped his price target for the shares to $97 from $92.

10/15/18

UBSW

10/15/18NO CHANGETarget $108UBSWBuy

C.H. Robinson a good name to own amid cyclical uncertainty, says UBS

UBS analyst Thomas Wadewitz raised his Q3 estimate for C.H. Robinson to reflect a combination of strength in gross revenue and a modest sequential expansion of NAST gross margin. He continues to believes the company is a good name to own amid cyclical uncertainty. Wadewitz reiterated his Buy rating and $108 price target on C.H. Robinson shares.

10/17/18

LOOP

10/17/18INITIATIONTarget $107LOOPBuy

C.H. Robinson initiated with a Buy at Loop Capital

Loop Capital analyst Jeffrey Kauffman started C.H. Robinson Worldwide with a Buy rating and $107 price target. The company possesses a "significant" scale advantage in the domestic freight brokerage space, nearly three times the size of its closest competitor, Kauffman tells investors in a research note. The analyst thinks C.H. is at the "head of the class" in a marketplace with consistent growth characteristics. He believes the recent selloff in the shares provides an attractive entry point.

10/19/18

CLVD

10/19/18INITIATIONCLVDNeutral

C.H. Robinson assumed with a Neutral at Cleveland Research

Cleveland Research analyst Chris Johnson assumed coverage on C.H. Robinson with a Neutral rating saying commentary from brokers is more cautious on regarding the outlook for 2019 truck brokerage.

Terex (TEX) delaying its earnings release led to considerable speculation on possible acquisitions, Baird analyst Mircea Dobre told investors earlier in research note. The analyst believes Astec Industries' (ASTE) "unique circumstances" and "apparent strategic fit" within the Terex portfolio "are worth contemplating." Astec would add asphalt plants, with leading market share in North America, as well a mobile pavers to Terex's Materials Processing segment, Dobre points out. Further, the addition of Astec could give Terex room to potentially altogether divest Crane down the line, with the proceeds used to reduce the leverage resulted from the acquisition, the analyst adds. Regarding the "unique circumstances," Dobre notes Astec's s CEO Ben Brock resigned on January 22, its shareholders have been pushing for improved performance, and that the activist investor on Terex's board was an Astec shareholder. Should Terex pay a multiple for Astec in-line with historical median transaction valuations in the space, it would imply a 27% premium to Astec's current price or $50 per share, according to Dobre. Shares of Astec are up 44c to $39.89 in early trading while Terex is down 3c to $35.54.